Bank bonus pot drops to £7bn

first_img whatsapp Bank bonus pot drops to £7bn Share Tags: NULL John Dunne More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tuesday 5 October 2010 4:10 am The City financial sector was expected to get £7bn for 2010, down four per cent from last year, the Centre for Economics & Business Research (CEBR) said.The CEBR consultancy said the drop reflected fewer people working in the City in the aftermath of the credit crisis.The new 50 per cent top rate of income tax meant the Treasury would get around £4.1bn from those bonuses after factoring in national insurance contributions, the CEBR said.“A whopping £7bn payout will be easier to stomach if the lion’s share goes to the nation,” CEBR economist Benjamin Williamson said.Earlier this week, Chancellor George Osborne said he would not allow banks to pay huge bonuses if they did not do enough to make loans available for small businesses. whatsapp Show Comments ▼last_img read more